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1100 CUMBERLAND RD
INDIANAPOLIS, IN 46229
Asking Price
$925K
Asset Type
Agricultural Land
Class
Class B
What's Special
20.8 AC Land For Sale! 1100 N Cumberland Rd, Indianapolis, IN <p>Over 20 acres of land available for residential development adjacent to Brookview Elementary School. The property is currently zoned D-A with a Comprehensive Plan recommendation of Suburban Neighborhood, supporting lower-density residential development including single-family detached housing. Suburban Neighborhood areas may support densities of 1 to 5 dwelling units per acre. This level site is located near established residential neighborhoods and within Warren Township Schools. Utilities n
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NOI
$80,000
Cap Rate
8.65%
DSCR
1.46
Strong
Cash-on-Cash
9.04%
Monthly Payment
$4,575.901
Annual Cash Flow
$25,089.193
